Now that new numbers have been released by the Congressional Budget Office, it’s time once again for me to show how easy it is to balance the budget with modest spending restraint (though please remember our goal should be smaller government, not fiscal balance).
I’m happy to say that the new numbers finally give me some different results. We can now balance the budget if spending grows 2.5 percent annually.
In other words, spending can grow faster than inflation and the budget can be balanced with no tax hikes.
And here’s the video I narrated almost two years ago on this topic. The numbers have changed a bit, but the analysis is exactly the same.
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